Keefe, Bruyette & Woods Increases Heartland Financial USA (NASDAQ:HTLF) Price Target to $51.00

Heartland Financial USA (NASDAQ:HTLF) had its price objective increased by Keefe, Bruyette & Woods from $41.00 to $51.00 in a report released on Tuesday morning, Benzinga reports. They currently have a market perform rating on the bank’s stock.

Several other equities research analysts have also commented on the company. Stephens restated an overweight rating and issued a $45.00 price objective on shares of Heartland Financial USA in a research report on Tuesday, January 30th. TheStreet cut shares of Heartland Financial USA from a b rating to a c+ rating in a report on Tuesday, January 30th. Piper Sandler upped their price objective on shares of Heartland Financial USA from $40.00 to $43.00 and gave the stock an overweight rating in a research report on Tuesday, January 30th. Finally, Raymond James upgraded Heartland Financial USA from a market perform rating to a strong-buy rating and set a $41.00 target price on the stock in a research report on Thursday, February 29th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Heartland Financial USA presently has a consensus rating of Moderate Buy and a consensus target price of $45.00.

Heartland Financial USA Trading Up 1.6 %

Shares of Heartland Financial USA stock opened at $43.94 on Tuesday. The stock has a market cap of $1.88 billion, a PE ratio of 26.47 and a beta of 0.98. The firm has a fifty day moving average price of $34.90 and a 200 day moving average price of $34.08. Heartland Financial USA has a 1 year low of $26.10 and a 1 year high of $44.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.72 and a quick ratio of 0.72.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Monday, April 29th. The bank reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. Heartland Financial USA had a return on equity of 11.50% and a net margin of 8.17%. The business had revenue of $279.39 million during the quarter, compared to analyst estimates of $182.73 million. During the same quarter last year, the business posted $1.22 EPS. Equities research analysts predict that Heartland Financial USA will post 4.49 earnings per share for the current year.

Heartland Financial USA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.73%. Heartland Financial USA’s dividend payout ratio (DPR) is 72.29%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. OLD National Bancorp IN acquired a new position in shares of Heartland Financial USA during the fourth quarter valued at approximately $3,009,000. HTLF Bank acquired a new position in Heartland Financial USA in the 4th quarter valued at $55,623,000. Versor Investments LP acquired a new position in Heartland Financial USA in the 3rd quarter valued at $245,000. Charles Schwab Investment Management Inc. lifted its holdings in Heartland Financial USA by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 446,883 shares of the bank’s stock valued at $13,152,000 after purchasing an additional 34,571 shares in the last quarter. Finally, EJF Capital LLC acquired a new stake in Heartland Financial USA during the 3rd quarter worth $1,299,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.